Kohl’s in corporate restructuring
Kohl’s Corp. is cutting jobs in a company reorganization.
The department store retailer is eliminating around 250 positions as part of a restructuring that Kohl’s said “will empower decision-making, reduce management layers, streamline communications and drive greater efficiency in many areas of our business.”
"The departures include removing a layer of regional store leadership roles and positions, restructuring teams in our merchant organization, and changes to other positions in our corporate offices," statement Jen Johnson, Kohl's senior VP of communications. “We put a great deal of thought and planning into this decision and have offered a competitive severance package and outplacement services to help all affected associates as they transition to their next step.”
In her statement, Johnson noted that Kohl’s is not closing any stores or corporate offices. Also, it is continuing to hire in key areas and to invest in its stores, technology and strategic growth initiatives.
“It is important to note that Kohl’s is in a position of financial strength,” Johnson stated. “The organizational changes we’ve made are driven by the evolution of our strategic business priorities to create a more agile and empowered organization to support our long-term sustainable growth.”
The Milwaukee Journal Sentinel reported that the job reductions affect workers at Kohl’s headquarters in Menomonee Falls, Wis., as well as at offices in New York and California, and other regional positions.